On July 3, 2023, local time in Hungary, SEMCORP Corporation's first coating production line in Hungary, SEMCORP's overseas subsidiary, was launched (trial production), marking a further progress in the construction of their first lithium battery separator factory overseas. This also signifies a milestone in SEMCORP's accelerated overseas expansion process.

SEMCORP Hungary held the opening ceremony for its first coating production line

With the accelerated global energy transition, the overseas market is expected to become a key focus for competition in the future. In order to further enhance its international influence, SEMCORP Corporation continues to accelerate its global expansion efforts:

In 2020, an investment was made in Debrecen, Hungary, to construct a wet-process lithium battery separator production line and supporting factory, primarily engaged in the manufacturing and sales of wet-process base films and functional coated separators for lithium batteries.

In May 2022, SEMCORP Hungary reached a cooperation agreement with ACC, a company based in France, stipulating that SEMCORP Hungary will supply approximately 655 million Euros worth of lithium battery separator products to ACC from 2024 to 2030.

In October 2022, the construction of Phase 1 in SEMCORP Hungary was completed and entered the equipment installation phase.

In July 2023, SEMCORP's first coating production line in Hungary was launched.

Scene of the first coating production line of SEMCORP Hungary starting operation - Coating diaphragm goes offline

The total investment of the SEMCORP factory in Hungary is approximately 340 million euros. It plans to construct four diaphragm production lines and multiple coating production lines. As an important step in its global strategic layout, the successful operation of the SEMCORP factory in Hungary will give SEMCORP shares a competitive advantage in overseas markets. SEMCORP shares will further strengthen their leading position in the lithium battery diaphragm industry worldwide and continue to strive towards the strategic development goal of "first in production capacity, and then first in cost, efficiency, and quality."